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Netflix Inc (NFLX) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Netflix Inc

CIK: 1065280 Ticker: NFLX


Exhibit 99.1
January 17, 2019

Fellow shareholders,

We grew annual revenue 35% to $16 billion in 2018, and nearly doubled operating profits to $1.6 billion. Fueling this growth was our high member satisfaction, which propelled us to finish 2018 with 139 million paying memberships, up 9 million from quarter start and up 29 million from the beginning of the year.
 (in millions except per share data and Streaming Content Obligations)
Q4'17
Q1'18
Q2'18
Q3'18
Q4'18
Q1'19 Forecast
Revenue
$
3,286

$
3,701

$
3,907

$
3,999

$
4,187

$
4,494

Y/Y % Growth
32.6
%
40.4
%
40.3
%
34.0
%
27.4
%
21.4
%
Operating Income
$
245

$
447

$
462

$
481

$
216

$
400

Operating Margin
7.5
%
12.1
%
11.8
%
12.0
%
5.2
%
8.9
%
Net Income
$
186

$
290

$
384

$
403

$
134

$
253

Diluted EPS
$
0.41

$
0.64

$
0.85

$
0.89

$
0.30

$
0.56

 
 
 
 
 
 
 
Global Streaming Paid Memberships
110.64

118.90

124.35

130.42

139.26

148.16

Y/Y % Growth
24.2
%
26.0
%
25.6
%
25.4
%
25.9
%
24.6
%
Global Streaming Paid Net Additions
6.62

8.26

5.45

6.07

8.84

8.90

 
 
 
 
 
 
 
Net cash (used in) operating activities
$
(488
)
$
(237
)
$
(518
)
$
(690
)
$
(1,235
)
 
Free Cash Flow
$
(524
)
$
(287
)
$
(559
)
$
(859
)
$
(1,315
)
 
EBITDA
$
313

$
534

$
563

$
584

$
328

 
Shares (FD)
448.1

450.4

451.6

451.9

451.1

 
Streaming Content Obligations* ($B)
17.7

17.9

18.4

18.6

19.3

 
Note: Figures are consolidated, including DVD.
 
 
 
 
 
 
*Corresponds to our total known streaming content obligations as defined in our financial statements and related notes in our most recently filed SEC Form 10-K

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The following information was filed by Netflix Inc (NFLX) on Thursday, January 17, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Netflix Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Balance Sheet Components
Balance Sheet Components (Components Of Content Library) (Details)
Balance Sheet Components (Property And Equipment And Accumulated Depreciation) (Details)
Balance Sheet Components (Tables)
Cash, Cash Equivalents And Restricted Cash
Cash, Cash Equivalents And Restricted Cash (Details)
Cash, Cash Equivalents And Restricted Cash (Tables)
Commitments And Contingencies
Commitments And Contingencies (Expected Timing Of Payments For Commitments) (Details)
Commitments And Contingencies (Future Minimum Payments Under Lease Financing Obligations And Non-Cancelable Operating Leases) (Details)
Commitments And Contingencies (Lease Obligations) (Narrative) (Details)
Commitments And Contingencies (Streaming Content) (Narrative) (Details)
Commitments And Contingencies (Tables)
Employee Benefit Plan
Employee Benefit Plan (Details)
Guarantees???Indemnification Obligations
Income Taxes
Income Taxes (Components Of Provision For Income Taxes) (Details)
Income Taxes (Deferred Tax Assets And Liabilities) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Reconciliation Of Provision For Income Taxes) (Details)
Income Taxes (Schedule Of Income Before Income Taxes) (Details)
Income Taxes (Summary Of Changes In Unrecognized Tax Benefits) (Details)
Income Taxes (Tables)
Long-Term Debt
Long-Term Debt (Maturities) (Details)
Long-Term Debt (Narrative) (Details)
Long-Term Debt (Revolving Credit Facility) (Details)
Long-Term Debt (Summary Of Long-Term Debt) (Details)
Long-Term Debt (Tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (Computation Of Net Income Per Share) (Details)
Organization And Summary Of Significant Accounting Policies (Narrative) (Details)
Organization And Summary Of Significant Accounting Policies (Policy)
Organization And Summary Of Significant Accounting Policies (Summary Of Potential Common Shares Excluded From Diluted Calculation) (Details)
Organization And Summary Of Significant Accounting Policies (Tables)
Reclassification
Reclassification (Details)
Reclassification (Tables)
Segment Information
Segment Information (Information On Reportable Segments And Reconciliation To Consolidated Net Income) (Details)
Segment Information (Long-Lived Assets By Geographic Areas) (Details)
Segment Information (Narrative) (Details)
Segment Information (Tables)
Selected Quarterly Financial Data (Details)
Selected Quarterly Financial Data (Tables)
Selected Quarterly Financial Data (Unaudited)
Stockholders' Equity
Stockholders' Equity (Preferred Stock And Voting Rights) (Narrative) (Details)
Stockholders' Equity (Stock Option Plans) (Narrative) (Details)
Stockholders' Equity (Summary Of Activity Related To Stock Option Plans) (Details)
Stockholders' Equity (Summary Of Assumptions Used To Value Stock Option Grants) (Details)
Stockholders' Equity (Tables)
Ticker: NFLX
CIK: 1065280
Form Type: 10-K Annual Report
Accession Number: 0001065280-19-000043
Submitted to the SEC: Tue Jan 29 2019 12:12:16 PM EST
Accepted by the SEC: Tue Jan 29 2019
Period: Monday, December 31, 2018
Industry: Video Tape Rental

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